Getting Started with Payments on Bloc

When you sign up to use business banking on Bloc and complete your business verification, you get access to payment features that enable you to send and receive payments almost instantly with multiple payment methods.

To receive fast customer payments, open a free Bloc business account by following these steps.

Once you’ve verified your account and sign in, there are 2 ways you can start accepting payments:

1. Payment Links
2. POS Terminals.

In this article, we'll get you started with understanding payment links and POS Terminals for your business with Bloc.

What are Payment Links?

A payment link is a URL that allows you to create self-hosted payment pages that your customers can visit to complete their purchases. It is a convenient and secure way to collect payments online and deposit them directly into your Bloc account.

Payment Links are the easiest way to accept online payments with Bloc. Our Payment Links allow you to create a simple payment page to collect payments from your customers via bank transfers, cards and Wallet [ThePeer].

You can create multiple payment links for different purposes quickly and easily from the Payment Links page of your Bloc Dashboard, and your customers will be able to access it directly from their mobile phones to pay you online.

How do Bloc Payment Links work?

With one payment link, your customers can pay you through 3 main methods:

• Bank transfers
• Cards
• Wallet [ThePeer]

All you have to do is create a payment link on the dashboard, add a description of your store or the product you're receiving payment for and send it to your customers.

You can share the link with your customers via social media, email, or any channel you want. You can also link it on your website. This link is linked to your business, and all payments made via the link are settled in your account.

Learn more: How to receive payment with payment links

POS Terminals on Bloc

A Point of Sale [POS] Terminal is a hardware device that helps you process payments at your retail locations. With Bloc POS Terminals, you can accept in-person payments with Cards and Bank Transfers anywhere in Nigeria.

How does Terminal work?

Terminal helps you to accept in-person payments from your physical stores/outlets and see it instantly on your Bloc account.

On the Terminal Dashboard, you can:

1. Request your POS Device. Order a Bloc POS device directly from your Dashboard, and we will deliver it to your doorstep in less than 14 days. With your POS, you can accept in-person payments from your physical stores/outlets and see them instantly on your Bloc account.
2. Manage the people who use your POS devices. You can add cashiers or agents to your account to manage your POS devices and perform transactions on behalf of your business. The best part is you can see everything they do from your Dashboard.
3. Manage your agents, and offer basic agency banking services. Manage your agents, and offer basic agency banking services (funds transfer, cash withdrawals, etc.) with Bloc POS Terminals.
4. Sync your payments online and offline and perform auto reconciliation & settlements. The days of manual end-of-the-day comparing of records are over. Every transaction is instantly recorded on your Bloc Dashboard; you can find it all in one place.

For more on POS Terminals, read this article.